Legal Question in Real Estate Law in Virginia
Rate Increases
My lease is about to expire in a couple of months. I wanted to know is there any laws that restrict the amount a landlord can increase your rental rate? I have heard it was no more than 10%, but I wanted to know for sure. Thank You.
Asked on 10/07/02, 1:32 pm
1 Answer from Attorneys
Michael Hendrickson
Law Office Michael E. Hendrickson
Re: Rate Increases
A private landlord not subject to rent control
laws, may increase his rental rates in any amount that he sees fit.
Answered on 10/07/02, 3:34 pm